In March, AHS Recycle achieved a net addition of 74 new self-operated and franchised standard stores, strategically increasing its presence in tier-1 and tier-2 cities across Shandong, Jiangsu, and Guangdong provinces. Through franchisees, it also expanded into mass-market regions such as Sichuan and Guangdong provinces, enhancing its user fulfillment capabilities.

ATRenew released its earnings results for the fourth quarter and full year 2024, demonstrating robust growth. Total net revenues in the fourth quarter and full year of 2024 were RMB 4.85 billion and RMB 16.33 billion, representing an increase of 25.2% YoY and 25.9% YoY, respectively. Non-GAAP operating income in the fourth quarter and full year of 2024 was RMB 130 million and RMB 410 million, respectively, representing a non-GAAP profit margin of 2.7% and 2.5%, respectively. 2024 marked a GAAP profitability milestone as the company reported its first GAAP operating profit at RMB 29 million.

Paijitang, the B2B offering of ATRenew, unveiled its first flagship store in Shenzhen. Located in Huaqiangbei, China’s premier trade hub of consumer electronics, Paijitang’s flagship store strives to drive the industry’s transparent and disciplined development. The store covers an area of ​​1,200 square meters and is positioned as a “full-scene second-hand electronic product sales center.” Nearly 10,000 professionally tested high-quality second-hand mobile phones are displayed on site. As a front-end distribution center, the store operates on a “warehouse-to-retail model,” which enables buyers to browse inventory, inspect devices, and complete purchases onsite—helping businesses reduce inventory costs and minimizing logistics delays by 3 to 5 days.

AHS Recycle has reached collaborations with organizers of popular events such as the Wuhan Marathon, Shanghai Yangtze River Half Marathon, and Nantong Marathon, calling on contestants to participate in environmentally friendly recycling of waste-free events and exchange souvenir medals made of recycled materials, urging a green lifestyle through sports events.

As China implements its trade-in subsidies, the domestic home appliance and mobile phone recycling industry has experienced rapid growth. The expanding market scale is further driving the accelerated development of a green circular economy. In a featured report, CCTV News highlighted ATRenew's leading position in the second-hand consumer electronics recycling sector, with a special focus on its automated quality inspection and processing capabilities.